TheEventide Large Cap Focus ETF (ELCF) launched October 28, 2026 with $500,000 in AUM at launch and an expense ratio of 0.75%. The fund occupies a distinctive niche in the large cap equity space by combining fundamental stock selection with a proprietary Christian faith-inspired screening framework.
Assets are invested primarily in large capitalization companies, defined by the market cap range of the Bloomberg U.S. 500 Total Return Index, which spanned roughly $2.98 billion to $4.84 trillion as of mid-2026. The advisor, Eventide Asset Management, employs bottom-up fundamental analysis to identify companies with durable or growing profitability and revenue, while also evaluating how well those companies serve customers, employees, communities, and the environment, according to fund filings. The eligible universe includes common stocks, ADRs, REITs, preferred stocks, convertible bonds, MLPs, and yieldcos, with potential sector concentrations in technology, industrials, consumer discretionary, and healthcare. The fund may also use options strategies (including covered calls, puts, straddles, and collars) to generate income or manage downside risk, and may hold up to 15% in illiquid investments such as private company shares.
The Faith-Based Screening Layer
What most distinguishes ELCF from conventional large cap active funds is its faith-based screening process, rooted in a biblical worldview. Eventide evaluates companies across five value dimensions: respect for human life and freedom (excluding gambling, pornography, tobacco, and alcohol), concern for justice and peace (avoiding weapons proliferation), promotion of family and community, responsible management practices, and environmental stewardship. Securities that fail these screens are generally excluded, and holdings may be sold if a company’s practices shift out of alignment. This values overlay meaningfully narrows the investable universe and introduces the possibility that the fund underperforms peers without such constraints — a risk the prospectus explicitly acknowledges.
Costs, Structure, and Key Risks
The 0.75% unified management fee covers most routine fund expenses, making the total expense ratio straightforward. Portfolio managers Andrew Singer, CFA (lead), and Dolores S. Bamford, CFA, co-CIO, oversee the strategy. The fund discloses holdings daily and does not distribute K-1 forms, which simplifies tax reporting for investors. The benchmark for segment comparison is the MSCI USA Large Cap index.
Beyond the ethical investment risk of a constrained universe, investors should weigh standard active management risk — the possibility that portfolio managers’ judgments prove incorrect — alongside growth stock volatility, sector concentration risk, and the liquidity risks associated with private company holdings and MLPs. As a newly launched ETF with limited trading history, bid-ask spreads and premium/discount dynamics warrant monitoring, particularly during periods of market stress when market makers may step back from their role.
ELCF may appeal to investors seeking large cap equity exposure aligned with Christian values, but the combination of active management, a restricted investment universe, and a 0.75% expense ratio represents a meaningful cost premium relative to passive large cap alternatives.
This article was generated with the assistance of artificial intelligence and reviewed by ETF.com staff.
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